The National Multifamily Housing Council has compiled a resource guide for landlords that is worth bookmarking.
The NMHC’s Coronavirus HUB is being updated in real time and covers a wide range of relevant property management topics, from the latest legislative efforts to support landlords financially, to tips on how to communicate with tenants, and a list of cleaning products recommended by the CDC and EPA.
In a letter to Congress, NMHC partnered with other housing associations to lay out critical issues and formulate strategies needed to aid landlords.
For instance, the letter explains that the housing market will suffer from a blanket moratorium on evictions. Only those tenants impacted by COVID-19 should be protected, not those who have the ability to pay or those who are being evicted for reasons other than nonpayment. The NMHC also warned lawmakers that eviction delays should not exceed 45 days.
Those policies can and have resonated on the state and local levels. In some cities, for instance, tenants must show proof of impact, like medical evidence or a notice from their employer to delay an eviction for nonpayment. Local lawmakers also are making it clear to tenants that they will need to pay all rent due at some point in time to avoid a surge in evictions over the summer.
These actions help to counteract misinformation campaigns and general panic that are spreading throughout the tenant community, causing some to call for “rent strikes” or make unreasonable demands on landlords at the worst possible time.
NMHC’s actions prove that there is power in numbers, and great advocacy can lead to better outcomes for landlords.
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This post is provided by the Landlord Credit Bureau to help landlords and property managers reduce the risks of rental income loss and avoid rent theft. The Landlord Credit Bureau provides articles on Reporting Tenant Rent Pay and Tenant Screening to ensure necessary information is readily available to all Landlord & Tenants.
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The information provided in this post is not intended to be construed as legal advice, nor should it be considered a substitute for obtaining individual legal counsel or consulting your local, state, federal or provincial tenancy laws.